Citizens, Inc. Corrects Information Error in Some Investor Platforms

Rhea-AI Summary

Citizens, a diversified financial services company (NYSE: CIA), announced a correction regarding a misattribution on some investor platforms. The Federal Reserve's 2024 stress test report on June 26, 2024, involved Citizens Financial Group (NYSE: CFG), a bank subjected to the stress test. However, some platforms mistakenly tagged Citizens (CIA), which is not a bank and not part of the stress test. The company aims to clarify this distinction to prevent misinformation.

Positive

• None.

Negative

• Potential confusion among investors about CIA's involvement in the Federal Reserve's stress test, which could affect investor confidence.
• Possible misinformation spread through investor platforms could lead to stock volatility.

Austin, Texas--(Newsfile Corp. - June 27, 2024) - Citizens, Inc. (NYSE: CIA), a leading diversified financial services company specializing in life, living benefits, and final expense insurance, today announced a correction to information incorrectly attributing Citizens, Inc. on some investor platforms.

The Federal Reserve's 2024 stress test on banks was published on June 26, 2024, and included Citizens Financial Group, Inc. (NYSE: CFG). Some investor platforms incorrectly tagged Citizens, Inc. rather than Citizens Financial Group, Inc. (NYSE: CFG) in their information reported.

Citizens, Inc. (NYSE: CIA), a diversified financial services company, is not a bank and is not subject to the Federal Reserve stress test. Citizens Financial Group, Inc. (NYSE: CFG) is a bank that is subject to the stress test. The Federal Reserve's 2024 stress test published on June 26, 2024 is HERE.

About Citizens, Inc.

Citizens, Inc. (NYSE: CIA) is a diversified financial services company providing life, living benefits and final expense insurance and other financial products to individuals and small businesses in the U.S., Latin America, and Asia. Through its customer-centric growth strategy, Citizens offers innovative products to address the evolving needs of its customers in their native languages of English, Spanish, Portuguese, and Mandarin. The Company operates two primary segments: Life Insurance, where internationally the Company is a market leader in U.S. Dollar denominated life insurance and where it is growing in niche markets in the United States through its final expense products distributed through white-label and established distribution channels, and Home Service Insurance, which operates primarily in the U.S. Gulf coast region. For more information about Citizens, please visit the website at www.citizensinc.com and LinkedIn.

Citizens, Inc. Investor Relations Contacts

Darrow Associates Investor Relations
Jeff Christensen and Matt Kreps
Email: CIA@darrowir.com (Jeff and Matt)
Phone: 703-297-6917 (Jeff) and 214-597-8200 (Matt)

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/214750

FAQ

What correction did Citizens (NYSE: CIA) announce on June 27, 2024?

Citizens announced a correction regarding a misattribution on investor platforms, clarifying they are not involved in the Federal Reserve's 2024 stress test.

How was Citizens (NYSE: CIA) incorrectly tagged in relation to the Federal Reserve's 2024 stress test?

Some investor platforms mistakenly tagged Citizens (CIA) instead of Citizens Financial Group (CFG), which is the entity subject to the stress test.

Is Citizens (NYSE: CIA) subject to the Federal Reserve's 2024 stress test?

No, Citizens (CIA) is not a bank and is not subject to the Federal Reserve's 2024 stress test.

What is the stock symbol for Citizens Financial Group involved in the Federal Reserve's 2024 stress test?

The stock symbol for Citizens Financial Group is NYSE: CFG.

Why is the correction about Citizens (NYSE: CIA) important for investors?

The correction prevents misinformation and ensures investors have accurate information, maintaining market stability and confidence.